Something catastrophic would have to happen to economy(not just interest rates ticking up!).

It should indicate the value it would take to rebuild the property in the event of a catastrophic/large loss.

It may well be that this was an invisible defect that manifested itself suddenly and catastrophically.

I charge a non-refundable pet fee  as 'insurance' against catastrophic damage and also charge monthly pet rent.

I'm asking for clarification since the numbers you are sharing show a catastrophic problem.

It wasn't a catastrophic amount but some of the items seemed like rookie mistakes, even though he's quite experienced.  

And the policy has a $3000 deductible minimum so it really is more for catastrophic losses.

The main downside I see to self-insuring is that you're susceptible to catastrophic claims.

I have other stories that could definitely help some investors from making catastrophic mistakes and am glad to share them with you!

I would make no assumption that prices will come down minus a catastrophic decrease in demand.People mistakenly assume that price increases correlate to cost increases, but in many cases these increases are to increase margin.